Hi all, does RDH mean Recent Day's High while RDL = Recent Day's Low?
PVSRA Scalping with Cigarguy
- #9,944
- Jul 18, 2017 8:51am Jul 18, 2017 8:51am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Just EU and UJ mainly, sometimes GU which has been setting up well recently. If you watch just a couple of pairs for a long time you get to understand and 'feel' how they move. When I first came to this forum I was looking at as many pairs as I could, but then Cigarguy mentioned its best to stalk just 1 or 2 pairs, which really does help. I think its difficult to scalp a lot of different pairs, it became confusing when I was trying and I was constantly going from one screen to another. Now, its a lot less stressfull....
Excellent....Nice to see and hear that you found your personal edge....
Keep It Simple
- #9,945
- Jul 18, 2017 9:01am Jul 18, 2017 9:01am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
GU M15 +50 Explaination on chart. Sorry not really a scalp but still pvsra.{image}
Nice trade...
Good PVSRA confirmation and momentum so we take what the market gives....CG
Keep It Simple
- #9,946
- Jul 18, 2017 9:02am Jul 18, 2017 9:02am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
You Guys/Gals are rocking it this AM.....Nice scalping....
Keep It Simple
- #9,947
- Edited 9:53am Jul 18, 2017 9:37am | Edited 9:53am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 Very FIFO scalp +15 ( + 3.7 avg. @ 4 lots) See chart as got here late for this high risk quick momentum scalp.....
Note: I do often take high risk trades that may appear to be reckless but Vape reiterated what I have posted many times regarding watching/stalking only a couple of pairs and learning their rhythm......coupled with many hours of screen time......
Quoted Vape;
" If you watch just a couple of pairs for a long time you get to understand and 'feel' how they move. When I first came to this forum I was looking at as many pairs as I could, but then Cigarguy mentioned its best to stalk just 1 or 2 pairs, which really does help. I think its difficult to scalp a lot of different pairs, it became confusing when I was trying and I was constantly going from one screen to another. Now, its a lot less stressfull."
Cigarguy
Note: I do often take high risk trades that may appear to be reckless but Vape reiterated what I have posted many times regarding watching/stalking only a couple of pairs and learning their rhythm......coupled with many hours of screen time......
Quoted Vape;
" If you watch just a couple of pairs for a long time you get to understand and 'feel' how they move. When I first came to this forum I was looking at as many pairs as I could, but then Cigarguy mentioned its best to stalk just 1 or 2 pairs, which really does help. I think its difficult to scalp a lot of different pairs, it became confusing when I was trying and I was constantly going from one screen to another. Now, its a lot less stressfull."
Cigarguy
Keep It Simple
- #9,952
- Jul 18, 2017 11:16am Jul 18, 2017 11:16am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Yes you can My spreads are also like yours. Just need to get 6 pips then.
Keep It Simple
- #9,953
- Jul 18, 2017 11:31am Jul 18, 2017 11:31am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO scalp +147 (+7.3 avg. @ 20 lots added with momentum) See chart....
Keep It Simple
- #9,954
- Edited 11:47am Jul 18, 2017 11:37am | Edited 11:47am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple
- #9,955
- Edited 12:54pm Jul 18, 2017 11:44am | Edited 12:54pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ -4 pips Entered after break of previous low/below dragon/below quarter level and high volume. CSM shows strong JPY. What Did I miss? @Vape: Good job!{image}
See chart......Hope this helps and remember CSM only gives a heads up for possible pairs to stalk weak vs strong not Buy/Sell signals........
Dragon/50 ema was above 200 ema that was headed up and depends what M5 was indicating as well as we look for a higher t/f confirmation.
Your entry may have been ok for a quick scalp depends on what M5 was showing.
Keep It Simple
- #9,957
- Jul 18, 2017 12:07pm Jul 18, 2017 12:07pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Wowza I am in awe, gz
Keep It Simple
- #9,958
- Jul 18, 2017 12:16pm Jul 18, 2017 12:16pm
{quote} Sometimes we eat the Bear and sometimes the Bear eats US.....This time the Bear tasted good.....lol......
- #9,959
- Jul 18, 2017 12:24pm Jul 18, 2017 12:24pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple
- #9,960
- Edited 2:52pm Jul 18, 2017 2:17pm | Edited 2:52pm
{quote} Ipodbob, Remember the tick volume is Broker dependent and will be different from Broker to Broker but not enough where it has ever been an issue. This has been discussed for years dating back to our old Sonic R and PVSRA threads but did not become a problem. I personally observe the volume of course for PVSRA entries but will give more attention to PA relative to our key levels and 50/200 emas for S & R. Many times observation will show PA moving very rapidly with high momentum for a entry and the volume candle may appear soon after entry....
UJ +5
